Regulatory clarity will lead to the next bull run – Hedge fund co-founder
As long as regulation gives an institutional investor a very clear path into crypto, they will jump in the space fund co-founder speculators CK Cheng told Cointelegraph.
Interview
A former Credit Suisse risk manager believes the next crypto bull market will come from “regulatory clarity” in the US, which he predicts will happen in early 2023.
Speaking to Cointelegraph, former head of valuation risk at Credit Suisse, CK Cheng, said that some of the regulatory efforts underway in the United States will "soon open the doors" of traditional finance to the cryptography.
Cheng is a former executive at investment bank Credit Suisse who left his post in July 2021 to co-found ZX Squared Capital, a crypto hedge fund targeting family offices and high net worth individual clients.
Cheng said there has recently been a sea change in the stance of mainstream institutions towards crypto, with many dipping their toes in crypto waters for the first time.
In August, one of the world's largest asset managers, BlackRock, partnered with crypto exchange Coinbase to provide its institutional clients with access to Bitcoin (BTC) and crypto via Coinbase Prime.
More recently, several big names in finance have teamed up to create a digital asset exchange to serve institutional and retail investors, which is backed by financial giants such as Charles Schwab, Citadel Securities...
As long as regulation gives an institutional investor a very clear path into crypto, they will jump in the space fund co-founder speculators CK Cheng told Cointelegraph.
Interview
A former Credit Suisse risk manager believes the next crypto bull market will come from “regulatory clarity” in the US, which he predicts will happen in early 2023.
Speaking to Cointelegraph, former head of valuation risk at Credit Suisse, CK Cheng, said that some of the regulatory efforts underway in the United States will "soon open the doors" of traditional finance to the cryptography.
Cheng is a former executive at investment bank Credit Suisse who left his post in July 2021 to co-found ZX Squared Capital, a crypto hedge fund targeting family offices and high net worth individual clients.
Cheng said there has recently been a sea change in the stance of mainstream institutions towards crypto, with many dipping their toes in crypto waters for the first time.
In August, one of the world's largest asset managers, BlackRock, partnered with crypto exchange Coinbase to provide its institutional clients with access to Bitcoin (BTC) and crypto via Coinbase Prime.
More recently, several big names in finance have teamed up to create a digital asset exchange to serve institutional and retail investors, which is backed by financial giants such as Charles Schwab, Citadel Securities...
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